Latest Nissan Motor Co Ltd News

Nissan ex-boss Ghosn's new lawyer questions handling of case

Feb. 20, 2019 5:48 AM EST

TOKYO (AP) — The newly appointed star defender for former Nissan chairman Carlos Ghosn said Wednesday that he believes the case against his client does "not meet international standards" and could scare international businesses away from Japan. Junichiro Hironaka, who was appointed part of Ghosn's defense...

China auto sales fall in January for eighth month

Feb. 19, 2019 1:07 AM EST

BEIJING (AP) — China's auto sales fell for an eighth month in January, extending a painful decline for the biggest global market as demand cooled amid a slowing economy and tariffs standoff with the U.S. Purchases of sedans, SUVs and minivans fell 15 percent from a year earlier to just over 2 million...

Renault's revenue, net profit down in 2018

Feb. 14, 2019 5:52 AM EST

PARIS (AP) — In its first results since the downfall of former chairman Carlos Ghosn, French carmaker Renault reported a 35 percent slump in profits last year and warned about the impact to business if Britain crashes out of the European Union next month without a deal. Renault said Thursday that sales...

Former Renault boss Ghosn loses millions in compensation

Feb. 13, 2019 9:41 AM EST

PARIS (AP) — French car maker Renault won't pay former Chairman Carlos Ghosn millions of euros in compensation following his resignation. Renault said in a statement Wednesday its board unanimously decided to waive Ghosn's "non-compete commitment and, consequently, not to pay the corresponding compensation...

Lawyer famous for acquittals to defend Nissan ex-chair Ghosn

Feb. 13, 2019 5:58 AM EST

TOKYO (AP) — Junichiro Hironaka, a lawyer famous for winning extremely rare acquittals in Japan, has been tapped to defend Nissan's former chairman Carlos Ghosn as he battles charges of false financial reporting and breach of trust. The move, confirmed Wednesday by Ghosn and Hironaka's office, underscores...

Nissan's profit drops amid former chair Ghosn's arrest

Feb. 12, 2019 7:09 AM EST

TOKYO (AP) — Nissan lowered its profit forecast for the full year on Tuesday, partly due to special charges related to alleged false financial reporting by its former chairman, Carlos Ghosn. Nissan Motor Co.'s profit in the October-December quarter was 70.4 billion yen ($637 million), down from 301.6...

Toyota profit plummets despite moderately solid sales

Feb. 6, 2019 1:30 AM EST

TOKYO (AP) — Toyota's fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year, despite relatively solid sales, the Japanese automaker said Wednesday. Toyota Motor Corp.'s October-December profit in 2017 had totaled...

Nissan board taps Renault's Senard, shareholders meeting set

Feb. 5, 2019 6:37 AM EST

TOKYO (AP) — Nissan's board has chosen as a director Jean-Dominique Senard, who was recently appointed chairman at the Japanese automaker's alliance partner Renault SA of France. Nissan Motor Co. said in a statement that its board decided Tuesday to hold an extraordinary shareholders' meeting on April 8,...

Japan's Nikkei: Ghosn says arrest due to plot within Nissan

Jan. 30, 2019 9:14 AM EST

TOKYO (AP) — Nissan's former chairman Carlos Ghosn, in his first interview since his arrest in November, blamed fellow executives opposed to forging closer ties with the automaker's French alliance partner Renault for scheming against him, the Japanese newspaper Nikkei reported Wednesday. The financial...

Toyota's, Nissan's global sales fall short of Volkswagen's

Jan. 30, 2019 5:23 AM EST

TOKYO (AP) — Toyota Motor Corp. sold 10.59 million vehicles globally last year, fewer than the 10.83 million delivered by German rival Volkswagen AG, the Japanese automaker said Wednesday. Separately, the Nissan-Renault-Mitsubishi alliance reported that its combined global sales stood at 10.76 million...